Sign the petition: Defund the Dakota Access pipeline #NoDAPL
Thanks to the hundreds of thousands of CREDO activists who stood with our indigenous and climate movement allies in North Dakota, we temporarily blocked construction of the Dakota Access pipeline, but our fight to stop the pipeline once and for all is not yet over.
Energy Transfer Partners, the company building the pipeline, has indicated it plans to continue construction without rerouting, and Donald Trump, who supports the pipeline, could overturn the U.S. Army Corps of Engineers’ decision to deny final permits for the company to drill under the Missouri River.
But we have the collective financial power as consumers and account holders to stop the pipeline. Wells Fargo, TD Bank, Citigroup and 14 other banks are financing the construction of the pipeline.1 We must call on these banks to divest from this massive project immediately before Trump can approve the construction of the pipeline.
Tell the 17 DAPL banks: Stop financing the Dakota Access Pipeline.
As of Jan. 1, ETP has effectively failed to meet its contractual obligations to deliver oil through the Dakota Access pipeline. That now means the shippers and producers who entered into agreements with ETP will presumably need to renegotiate terms or cancel their contracts altogether, and the entire project could be in jeopardy.2
Coupled with declining global oil prices, massive public pressure on the banks financing construction of the pipeline could create a public relations nightmare that persuades the banks to end their investments in the pipeline.
By staying invested in these projects, these 17 banks are tacitly waging a coordinated campaign to destroy sacred Native lands and silence peaceful protest. As Hugh MacMillan, Food & Water Watch researcher, put it, these banks are funding “the heavily militarized response to the Standing Rock Sioux, including the attack dogs, sound-cannon trucks, heavily armed officers, and even a crop duster spraying undetermined chemicals over the camp.”3
This could be our last shot at stopping the Dakota Access pipeline before Donald Trump takes office on January 20. We stood with the water protectors and our allies in the climate justice movement to put a halt to the pipeline once before, and we must stand with them again to shut this project down for good.
Tell the 17 DAPL banks: Stop financing the Dakota Access pipeline.
Thanks for all you do.
- Hiroko Tabuchi, “Environmentalists Target Bankers Behind Pipeline,” The New York Times, Nov. 7, 2016.
- “"Financial Disaster": Could Dakota Access Pipeline Lose Its Contracts with Oil Companies on Jan. 1?,” Democracy Now!, Dec. 5, 2016.
- Emily Fuller, “How to Contact the 17 Banks Funding the Dakota Access Pipeline,” YES! Magazine, Nov. 30, 2016.